Cyber threats now top risk for banking and capital markets CEOs

SINGAPORE (Mar 23): Cyber threats have replaced over-regulation as the top concern for banking and capital markets (BCM) CEOs.

According to PwC Singapore’s Driving change: no magic solutions, just hard work report, 89% of BCM CEOs are worried about their cybersecurity, while 93% will be investing more heavily in it this year.

Despite their worries on cyber threats, BCM CEOs are bullish about the economic growth, with 57% believing that it will improve over the next 12 months, compared to only 30% in 2017.

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